LME Warehouse Levels (March 12, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 6/01 (change from Feb. 28 in brackets):MetalStock(tonnes)ChangeAluminium475425(…
News
Richmont shifts focus to Newfoundland
With activity at its Quebec mines winding down, junior miner Richmont Mines (RIC-T) is drawing financial strength from its low-cost operations in northwestern Newfoundland.The company’s wholly owned, …
Rio offer too low, says Labrador Fund
A valuation study has placed the fair price of the Labrador Iron Ore Royalty Income Fund (LIF.UN-T) at $18 to $24.70 per unit, substantially more than a $13.50 takeover offer by mining house Rio Tinto…
DRC tables positive study
Vancouver — An independent consultant estimates that DRC Resources’ (DRC-V) past-producing Afton copper-gold property still holds an indicated mineral resource of 25 million tons averaging 2% copper …
Placer Dome helps grubstake Ontario geoscientists
Placer Dome has donated $100,000 to the fund to support the new Association of Professional Geoscientists of Ontario (APGO).The APGO, established under the province’s Geoscientists Act in 2000, will b…
Partners comb Newfoundland for copper
Noranda (NOR-T) and Cornerstone Capital Resources (CRI-V) will explore the copper potential of a belt of rocks in eastern Newfoundland.The joint venture, dubbed the Red Cliff project, covers a 780-sq….
Phelps Dodge aims for smoother sailing at El Abra
Denver — After a rough year at the helm of the El Abra copper mine in northern Chile, Phelps Dodge (PD-N) is beginning to turn the operation around.The open-pit mine failed to meet the expectations p…
Metal Prices (March 12, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 6March 5March 2March 1Feb. 28Aluminium1581.50…
Exchange Rates (March 12, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 6March 5March 2March1Feb. 28US$ in C$1.53801.54731.54841.54…
Staff Investment Policy (March 12, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Tiomin deals Cerro Colorado to Aur Resources
J.C. Potvin’s Tiomin Resources (TIO-T) is transferring ownership of the Cerro Colorado porphyry-copper project, in Panama, to Aur Resources (AUR-T).The deal falls under the terms of a loan-and-option …
Producer and Dealer Prices (March 12, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.25-14.55/lb.Copper: Comex March US$0.844/lb.Indium: I…